OPINION:
President Obama has put the supercommittee in a deep hole. Until this week, his primary, if not sole, proposal for reducing our staggering debt was to increase taxes on oil companies, hedge-fund managers, jet owners and higher-income families.
But now he proposes to use the revenue from those tax increases to spend another $450 billion rather than reduce the debt. So what’s his new plan for reducing the debt? Well, for all the talking he’s done lately, he hasn’t addressed that question.
MARK SPOONER
Springfield
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